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The European Council president, Antonio Costa (left); the European Commission president, Ursula von der Leyen (right); and Indian Prime Minister Narendra Modi pose ahead of their meeting in New Delhi on Tuesday. Photo: Reuters

Global Economy

‘Mother of all trade deals’: EU pivots to India in historic trade shake-up

Brussels diversifies away from China and US risks, while the pact makes India a more attractive place for European firms to sell vehicles and fuel growth.

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As LVMH returns to growth, is the slump in China’s luxury market finally over?

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China second to US in global AI finance index, with Hong Kong third as city hub

China Economy

Is China about to end its after-school tutoring ban? A huge fine suggests not

Speculation was growing that Beijing would relax a ban on for-profit tutoring to boost the economy. Then a firm was hit with a US$9.7 million penalty.

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China banned for-profit academic tutoring in 2021 as part of a wider “double reduction” policy aimed at reducing the pressure on students. Photo: Shutterstock
China banned for-profit academic tutoring in 2021 as part of a wider “double reduction” policy aimed at reducing the pressure on students. Photo: Shutterstock

Global Economy

Trump says the US dollar can move like a yo-yo. Will Treasuries be left hanging?

With the US president levelling threats at enemies, allies and his own central bank, alternatives like gold and Chinese assets are gaining appeal.

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China Economy

China’s consumer spending push faces major challenge – debt-averse households

Beijing has renewed its focus on boosting domestic demand in recent months, but households are cutting debt at fastest pace in years.

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Big Tech

Iluvatar CoreX targets Nvidia’s Rubin with GPU road map amid China chip push

Chinese chip designer outlines a multi-year GPU plan to outperform Nvidia’s next-generation Rubin platform within two years.

There is strong capital interest in Chinese chipmakers amid Beijing’s push for semiconductor self-reliance. Photo: Shutterstock
There is strong capital interest in Chinese chipmakers amid Beijing’s push for semiconductor self-reliance. Photo: Shutterstock

China Business

Over 70% of European firms in China review supply chain strategies: survey

The findings show how European firms must maintain a delicate balancing act between China’s tight security and focus on self-reliance.

China Economy

China tightens rail approvals as Xi warns on waste and ‘operational’ trouble

Intercity lines face stricter break-even rules, as the central government cracks down on ‘back-door’ metro projects and looks to curb redundant infrastructure spending.

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Big Tech

China’s Baidu merges key app businesses to drive consumer AI push

Merger of Wenku and Wangpan into a new AI unit comes as tech firms race to turn their services and apps into the next ‘super app’.

Baidu’s move marks one of its largest reorganisations in the past two years. Photo: Shutterstock

China Economy

China coming ‘closer’ to US as ‘global power’, European ex-leader says

Former Portuguese prime minister says Beijing is ‘scoring more points’ in a ‘volatile’ world through economic growth, diplomatic victories.

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Jose Manuel Durao Barroso, former president of the European Commission and prime minister of Portugal from 2002 to 2004, delivers a keynote speech at the 19th Asian Financial Forum in Hong Kong. Photo: Eugene Lee
Jose Manuel Durao Barroso, former president of the European Commission and prime minister of Portugal from 2002 to 2004, delivers a keynote speech at the 19th Asian Financial Forum in Hong Kong. Photo: Eugene Lee

Business

China’s top gold miner buys Canada’s Allied Gold for US$4 billion as ties thaw

Acquisition follows Canadian leader Carney’s visit to China after years of diplomatic and investment friction.

Commodities

Explainer | Why Hong Kong’s gold ambitions run through Shanghai

As Hong Kong and Shanghai deepen cooperation in the gold market, officials are hailing the agreement as ‘the dawn of a new chapter’.

China Business

Xpeng targets overseas sales surge in 2026 as China EV battle goes global

Guangzhou-based EV maker targets more than 90,000 overseas deliveries this year amid fierce competition at home.

Xpeng’s G7, the longest range SUV in the world at 1,704km, is gaining traction with overseas buyers. Photo: Handout

China Economy

China’s manufacturing powerhouse cuts 2026 GDP growth target after missing mark

Guangdong province, an industrial behemoth hit by property and global headwinds, shifts focus in a strategic pivot amid national reforms.

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Employees work on a production line for an electric flying car at a factory in Guangzhou, Guangdong province, on November 6. Photo: AFP
Employees work on a production line for an electric flying car at a factory in Guangzhou, Guangdong province, on November 6. Photo: AFP

China Economy

China close to opening US$10 billion canal linking heartlands to Southeast Asia

The vast waterway in China’s southern Guangxi region is set to open before the end of 2026, according to state media reports.

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Global Economy

Beyond borders: Beijing equips Chinese firms for global stage amid trade jitters

Ministry of Commerce unveils new resource to help companies navigate the dos and don’ts of complex international markets, and policies will be rolled out appropriately.

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Global Economy

Why America’s brute-force effort on rare earths may not work against China

China spent decades carving out a commanding lead in the rare earth realm. Now the US wants its old piece of the supply chain back – is it still within reach?

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Illustration: Henry Wong
Illustration: Henry Wong

Global Economy

Chinese ‘vertical dramas’ are booming in America. Should Hollywood be worried?

Chinese platforms hosting bite-size soap operas about werewolves and mafia dons are drawing big audiences – and shaking up the streaming market.

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China Economy

As megacities slow, China’s smaller counties lead as new consumer hotspots

Survey last year found that nearly 80 per cent of consumers in China’s third- and fourth-tier cities were optimistic about the economy.

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China Economy

China rises up ‘elite quality’ league table as AI investment booms

China ranked 19th in the latest Elite Quality Index, which assesses whether national elites create sustainable value for their countries.

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Visitors watch humanoid robots fight at the Unitree Robotics booth during the World Robot Conference in Beijing. China has invested heavily in artificial intelligence, robotics and other emerging sectors in recent years. Photo: Reuters
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OPINION
Ying Xu,Weishi Zhang

Opinion | On EV targets, Europe should take a page from China’s playbook

Ying Xu
Weishi Zhang
David Tingxuan Zhang

Opinion | China’s slowing overseas investment reflects caution, not retreat

David Tingxuan Zhang
Wang Wen

Opinion | China has Trump 2.0 to thank for emerging stronger in tech and trade

Wang Wen
Nicholas Spiro

Macroscope | Why Europe struggles to stand up to Trump

Nicholas Spiro
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James David Spellman

Opinion | How generational wealth transfer will reshape China’s economy

James David Spellman
Andy Xie

Opinion | China’s focus is on stability as the US rocks the global boat

Andy Xie
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MULTIMEDIA
Video

With Maduro out, are Chinese investments in Venezuela at risk?

US move calls into question China’s future financial commitments in Latin American country, potentially hurting Beijing’s regional strategy.
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Shares in Baby Shark creator soar on IPO debut

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China’s ‘Goddess of Wealth’ jailed for over 11 years by UK court

China cryptoqueen jailed for more than 11 years by UK court over US$6.4 billion bitcoin fraud
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US-China soybean row leaves farmers caught in the middle

US-China soybean row leaves farmers caught in the middle
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TRENDING TOPICS
China trade
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China's economic recovery
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